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Massachussetts Governor Details $1 Billion Initiative

Friday, July 20, 2007 5:00:00 AM PDT | VentureDeal Staff

MASSACHUSSETS -- State Governor Deval Patrick unveiled the details on a $1 billion life sciences industry initiative.

The bill will allow for $500 million in bonds to be issued for capital projects built by the Massachussetts Life Sciences Center.

Other aspects include $15 million for research grants, fellowships and workforce training, tax credits for qualifying life sciences companies and other favorable tax treatments on life science related entities.

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